UAE to develop free zone near airport
Sunday, 27 April 2008

A new free zone which covers 4 million square meters will be developed near the international airport of Abu Dhabi, capital of the oil-rich United Arab Emirates (UAE), local newspaper Gulf News reported yesterday, reports Xinhua.

The free zone project to be developed by the Abu Dhabi Airports Company is part of the company’s redevelopment plan worth 6.8 billion U.S. dollars for the international airport, which will be equipped to serve 50 million passengers annually and large logistics operators handling air cargo when completed.

“Planned to accommodate world-class business facilities, Abu Dhabi Airport Free Zone will offer light industrial units, commercial offices and land for lease—each tailored to various business requirements,” the company said in a statement.

The project will come about in phases and the infrastructure of the first phase is expected to be completed by 2010 so that companies could start setting up their operations at the free zone, according to the report.

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